Oil stocks sufficient to replace barrels lost in Saudi Arabia attacks
After the strike on Saudi Arabia’s oil infrastructure, which shut about 5% of global supply, Brent crude posted its biggest intraday gain since the Gulf War
16 September 2019 - 13:24
Moscow — There is enough oil in global stockpiles to replace barrels Saudi Arabia has temporary lost due to attacks on its oil facilities, Russia’s energy minister Alexander Novak, an ally of Riyadh in a pact to curb supply, told reporters on Monday.
After the strike on Saudi Arabia’s oil infrastructure, which shut about 5% of global supply, Brent crude posted its biggest intraday percentage gain since the 1991 Gulf War...
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